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Lenders and property market largely welcome budget

Press coverage 8 October 2020 Summary of published coverage
Lenders and property market largely welcome budget

Banking and lending groups welcomed the 2020-21 federal budget, singling out expanded instant asset write offs, loss carry back provisions and an additional 10,000 places in the First Home Loan Deposit Scheme. The Australian Banking Association, Commonwealth Bank and NAB said the business tax incentives and personal income tax cuts would support jobs and investment. The small business ombudsman also backed the measures, including new funding for small business mental health support.

Reported by

Annie Kane, Mortgage Business, 8 October 2020

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